HPCL Announces Startup Fund

The Start-up scheme of Hindustan Petroleum Corporation Limited (HPCL), is a program to enable innovators and entrepreneurs pursue a promising idea, establish and validate proof of concept (POC) and support commercialization. HPCL wishes to help innovators and entrepreneurs or projects having established proof of concept (POC) to eventual commercialization / implementation.

Nature of Projects – Supported for Funding

• Projects that propose a process / product innovation with significant potential impact or commercial potential.

• Projects with clear technology objectives.

• Projects focused on establishing or validating proof-of-concept for an innovative idea.

• Projects aimed at technology de-risking i.e. reducing uncertainties in the technology.

• Projects focused on generating and providing the scientific data needed to demonstrate an idea to potential licensors/ investors, etc.

• Innovative ideas present or future, allied / ancillary areas of business areas which are of relevance to HPCL’s line of business / petroleum industry / future areas of the industry.

Focus Area

• Alternate Usages of Petroleum Products, Lubes & Base Oils.

• Automation / Robotics – LPG, Retail, Refineries.

• Business Analytics including IOT.

• Business process / re-engineering software / IT related and logistics related development.

• Cashless payments solution – Retail.

• Cost Optimization solution – Storage / Logistics / Usage / Packaging.

• Cross country pipelines security & safety.

• Customer Loyalty Program

• Development of device for cracks / leak detection in pipelines.

• Gas/ liquid leak detection and protection system.

• Improved Asset Utilization.

• Innovative scheme for zero effluent in refineries.

• Innovative storage solution – Energy, Petroleum Products, Lubes, Base Oils.

• Inventory Management – Petroleum Products, Lubes, Base Oils.

• Light weight LPG cylinders for improved safety standards.

• Low cost fuel quality monitoring and onsite detection device/s.

• Low Cost Model for Waste to Energy.

• Low cost on-site lube condition monitoring techniques.

• Low cost process for desalination of sea water.

• Low cost synthetic Lube base stocks Polyalpha Olefins (PAOs) / Esters and friction modifiers.

• Lube Packaging.

• Manufacturing of biofuels including Ethanol.

• Manufacturing of Nano Materials/Catalysts.

• Non-fuel business model for Retail Networks / LPG.

• Portable bio-toilets for Retail Outlets.

• Replacing the heat source in refineries by renewables.

• Secured Digital Marketing solution.

• Significant reduction in emissions.

• Waste disposal.

• Other open areas related to petroleum refining, marketing and alternate energy.

Application Process

• The applicant needs to submit the application online by registering and logging-on to the HPCL Start-up Portal http://startup.hpcl.co.in/. The applications shall only be accepted online.

• Applicants are advised to provide sufficient details in their applications to allow for an informed and fair evaluation / review. Applicants are advised to provide self-contained proposals with essential supporting materials provided as uploads.

Source: http://startup.hpcl.co.in/HPCLStartup/